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NEW QUESTION # 122
A customer implements Dynamics 365 Finance.
The customer observes that during foreign currency revaluation of the Accounts Receivable subledger, the results are not as expected.
You need to re-run the foreign currency revaluation of the Accounts Receivable subledger.
Which currency revaluation method should you use for each requirement? To answer, drag the appropriate methods to the correct requirements. Each method may be used once, more than once, or not at all. You may need to drag the split bar between panes or scroll to view content.
NOTE: Each correct selection is worth one point.
Answer:
Explanation:
Explanation
Reference:
https://docs.microsoft.com/en-us/dynamics365/finance/cash-bank-management/foreign-currency-revaluation-acc
NEW QUESTION # 123
SIMULATION
You are a functional consultant for Contoso Entertainment System USA (USMF).
You need to assign the Accountant closing role for the USMF legal entity to an employee named Theresa Jayne.
To complete this task, sign in to the Dynamics 365 portal.
Answer:
Explanation:
See explanation below
Explanation:
Navigate to System administration > Security > Assign users to roles
Select the 'Accountant Closing' role.
Click the "Manually assign / exclude users" button
Select the Theresa Jayne user account and click the "Assign to role" button.
Click the "Assign organizations" button
Select the "Grant access to specific organizations" option
Select the USMF legal entity and click the "Grant" button.
Reference:
https://www.dynamics-tips.com/system-administration/security-roles
NEW QUESTION # 124
A client has multiple legal entities set up in Dynamics 365 for Finance and Operations. All companies and data reside in Finance and Operations, The client currently uses a separate reporting tool to perform their financial consolidation and eliminations, They want to use Finance and Operations instead.
You need to configure the system and correctly perform eliminations.
Solution: Create a separate company in which you manually create the eliminations. Then, use that company in Financial reporting or in the consolidation process.
Does the solution meet the goal?
- A. No
- B. Yes
Answer: A
Explanation:
References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/budgeting/consolidation-elimination-overview
NEW QUESTION # 125
After you answer a question in this section, you will NOT be able to return to it As a result, these questions will not appear in the review screen.
A company is preparing to complete yearly budgets.
The company plans to use the Budget module in Dynamics 365 for Finance and Operations for budget management
You need to create the new budgets.
Solution: Combine budgets from multiple legal entities to a master budget.
Does the solution meet the goal?
- A. No
- B. Yes
Answer: A
NEW QUESTION # 126
A company manufactures air filtering units few industrial manufacturing plants.
During the acquisition of one of the components that is used in the unit, an agreement is reached that the $25. 000 component mil be paid for in the following schedule:
* The first payment will be $10,000
* The remaining balance will be distributed equally and due on the 15m of the month for the next three months. You need to configure the system for the payment schedule.
What should you do?
- A. Set the Fixed allocation method Rued Amount field lot the monthly amount.
- B. Enter $25,000 in the Amount of Transaction Quantity field.
- C. Specify a fixed quantity payment of 5.
- D. Use the Specified allocation method.
Answer: A
NEW QUESTION # 127
A customer plans to implement invoice validation policies.
You need to recommend the features needed to meet each of the customer's requirements.
What should you recommend? To answer, drag the appropriate features to the correct requirements. Each feature may be used once, more than once, or not at all. You may need to drag the split bar between panes or scroll to view content.
NOTE: Each correct selection is worth one point.
Answer:
Explanation:
Reference:
https://docs.microsoft.com/en-us/dynamics365/finance/accounts-payable/tasks/set-up-accounts-payable-invoice-matching-validation
NEW QUESTION # 128
SIMULATION
You are a functional consultant for Contoso Entertainment System USA (USMF).
You need to generate a trial balance report for the period of January 1, 2017 to December 31, 2017. To validate you results, save the file in Microsoft Excel format to the Downloads\Trial folder.
To complete this task, sign in to the Dynamics 365 portal.
Answer:
Explanation:
See explanation below
Explanation:
Click General ledger > Reports > Transactions > Trial Balance
Enter the Start and End dates for the report.
Click Destinations ... to specify how you want to 'print' the report.
Select File as the destination.
Select the Downloads\Trial folder for the location.
Select Microsoft Excel for the file format.
Click OK to close the 'Print destination settings' form.
Click OK to 'print' (save) the report to the selected destination.
NEW QUESTION # 129
A client is using Dynamics 365 Finance for sales order processing and accounts receivable. The client has two customer groups and two Accounts receivable trade accounts. Foreign customers in Group 80 are assigned to account 12001. Domestic customers in Group 40 are assigned to account 12000.
You are viewing the client's current setup of Customer posting profiles.
Use the drop-down menus to select the answer choice that answers each question based on the information presented in the graphic.
NOTE: Each correct selection is worth one point.
Answer:
Explanation:
Explanation
Reference:
https://docs.microsoft.com/en-us/dynamics365/finance/accounts-receivable/customer-posting-profiles
NEW QUESTION # 130
A retail company has outlets in multiple locations. Taxes vary depending on the location.
You need to configure the various components of the tax framework.
In which order should you perform the actions? To answer, move all actions from the list of actions to the answer area and arrange them in the correct order.
Answer:
Explanation:
Explanation
NEW QUESTION # 131
You need to configure recognition.
Which revenue type is associated with the line of business? To answer, drag the appropriate revenue types to the correct lines of business. Each revenue type may be used once, more than once, or not at all. You may need to drag the split bar between panes or scroll to view content.
NOTE: Each correct selection is worth one point.
Answer:
Explanation:
Explanation:
NEW QUESTION # 132
You need to troubleshoot the reporting issue for User7.
Why are some transactions being excluded?
- A. The report is correctly excluding CustomerZ transactions.
- B. The report is correctly excluding CustomerY transactions.
- C. User7 is running the report in CompanyB.
- D. User7 is running the report in CompanyA.
Answer: B
NEW QUESTION # 133
A client is implementing Accounts payable. The client wants to establish three-way matching for 100 of their 5,000 stocked items from a specific vendor.
The client requires the ability to have items that require only two-way matching and specific items that require three-way matching.
You need to configure the system in the most efficient manner to achieve these requirements.
What should you do?
- A. Configure a company matching policy of two-way matching and specify the items that require a three-way match.
- B. Configure a company matching policy of two-way matching and specify the vendors that require a three-way match.
- C. Configure a company matching policy of non-required and specify the items that require a three-way match.
- D. Configure a company matching policy of two-way matching and set the matching policy for specific item, and vendor combination level to three-way matching.
- E. Configure a company matching policy of a three-way match.
Answer: D
Explanation:
References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/accounts-payable/tasks/set-up-accounts-payable-invoice-matching-validation
NEW QUESTION # 134
You are a Dynamics 365 Finance and Operations functional consultant A legal entity processes and settles vendor payments :on behalf of other legal entities in an organization.
You need to configure the centralized payment flow for the legal entity.
In which order should you perform the actions? to answer, move all actions from the list of actions to the answer area and arrange them in the correct order.
Answer:
Explanation:
Explanation:
References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/cash-bank-management/set-up- centralized-payments
NEW QUESTION # 135
A rental service company hires you to configure their system to implement accrual schemes.
You need to configure the accrual schemes for this company.
Which configuration and transaction options should you use? To answer, select the appropriate options in the answer area.
NOTE: Each correct selection is worth one point.
Answer:
Explanation:
Explanation:
NEW QUESTION # 136
A company provides employee life insurance to all full-time employees. Employee life insurance policies are paid twice a year to the insurance company.
Transactions for current employees must be recognized in the general ledger twice a month with an employee's pay. Transactions for new employees must be recognized in the general ledger based upon the employee's first pay date.
You need to configure accrual schemes for the new fiscal year.
Which two configurations should you use? (Choose two). Each correct answer presents part of the solution.
NOTE: Each correct selection is worth one point.
- A. For current employees, use a Credit accrual scheme. In the ledger accrual, set the offset to the employee's first pay date.
- B. For current employees, use a Debit accrual scheme. In the ledger accrual, set the offset to the first day of the fiscal year.
- C. For new employees, use a Credit accrual scheme. In the ledger accrual, set the offset to the first day of the fiscal year.
- D. For new employees, use a Debit accrual scheme. In the ledger accrual, set the offset to the employee's first pay date.
Answer: A,B
Explanation:
Section: Topic 1, Set up and configure financial management
NEW QUESTION # 137
A client observes that some customers are late paying their invoices. The client wants to use the Credit and Collections functionality to send collection letters to customers.
need to configure the system to support collection letter functionality and processing.
In which order should you perform the actions? To answer, move all actions from the list of actions to the answer area and arrange them in the correct order.
Answer:
Explanation:
1 - Set up the Form Notes in the Credit and collections module
2 - Define the collection letter sequence
3 - Link the collection letter sequence to the customer posting profile
4 - Generate the collection letter
5 - Post the collection letter
Reference:
http://d365tour.com/en/microsoft-dynamics-d365o/finance-d365fo-en/collection-letters/
NEW QUESTION # 138
You plan to implement Dynamics 365 Finance.
You need to configure the system to meet the following requirements:
* Post vendor invoices in a journal.
* Create payments to vendors.
* Post headcount transactions.
* Process intercompany transactions.
Which journal types should you use? To answer, select the appropriate configuration in the answer area.
NOTE: Each correct selection is worth one point.
Answer:
Explanation:
Explanation
Reference:
https://docs.microsoft.com/en-us/dynamics365/finance/general-ledger/ledger-journal-types
NEW QUESTION # 139
Note: This question is part of a series of questions that present the same scenario. Each question in the series contains a unique solution that might meet the stated goals. Some question sets might have more than one correct solution, while others might not have a correct solution.
After you answer a question in this section, you will NOT be able to return to it. As a result, these questions will not appear in the review screen.
You are configuring the year-end setup in Dynamics 365 for Finance and Operations.
You need to configure the year-end setup to meet the following requirements:
The accounting adjustments that are received in the first quarter must be able to be posted in to the previous year's Period 13.
The fiscal year closing can be run again, but only the most recent closing entry will remain in the transactions.
All dimensions from profit and loss must carry over into the retained earnings.
All future and previous periods must have an On Hold status.
Solution:
Configure General ledger parameters.
- Set the Delete close of year transactions option to No.
- Set the Create closing transactions during transfer option to No.
- Set the Fiscal year status to permanently closed option to No.
Define the Year-end close template.
- Designate a retained earnings main account for each legal entity.
- Set the Financial dimensions will be used on the Opening transactions option to No.
- Set the Transfer profit and loss dimensions' option to Close All.
Set future Ledger periods to a status of On Hold.
Does the solution meet the goal?
- A. No
- B. Yes
Answer: A
Explanation:
Reference:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/general-ledger/year-end-close
NEW QUESTION # 140
A company uses Dynamics 365 Finance.
You need to use the advanced bank reconciliation feature to reconcile bank transactions.
In which order should you perform the actions? To answer, move all actions from the list of actions to the answer area and arrange them in the correct order.
Answer:
Explanation:
Explanation
NEW QUESTION # 141
You need to prevent the issue from reoccurring for User5.
What should you do?
- A. Use the audit list search query type.
- B. Set up the aggregate query type for entertainment expenses.
- C. Add more keywords to the audit policy.
- D. Set up the sampling query type for entertainment expenses.
Answer: C
Explanation:
Topic 4, Adtum Corp.
Travel and expense
The company is currently In Phase 2 of their Dynamics 365 finance Implementation.
* Consultants submit all travel receipts by using inter-office mail to the team admin for processing, but first Up Consultants wants to modernise this experience.
* Expense reports are manually approved and signed by the employee's manager.
Finance
* First Up Consultants operates on a 4-5-4 calendar.
* Accounting, for revenue has been difficult with the SaaS offerings. This has led to implementing Dynamics 365 Finance Revenue recognition.
* Revenue recognition has been live for J months.
* Adatum Corporation pays Quarterly for use of the First Up Consultants web design application, starting from the day of use
* Fourth Coffee pays monthly for use of the First Up Consultants photograph editing application, with a contract starting August I and payment starting September I.
* Adventure Works Cycles pays per use of the First Up Consultant video platform.
* A blocking rule is set up to prevent a sales order from processing if a customer exceeds a credit limit. - Customer credit is set up at the account level for VanArsdel, Ltd.
* Tailspin Toys is owned by Wingtip Toys. The companies have a credit limit of S60.000 and $100,000, respectively.
Tax
VAT tax recovery is required for eligible international business trip expenses. Bank reconciliation is manual and performed by using monthly mailed account statements. The company collects vales taxes from the following states:
Requirements
Travel and expense
* First Up Consultants requires that employees start using corporate cards for all travel expenses.
* All expenses over the require a receipt.
* Beer cannot be expensed
* Employees may use the corporate card for personal expenses during work travel, but expenses must be categories correctly.
* Client entertainment expenses totaling more than $250 must be audited.
* Employees require a mobile expense experience
* Expense report entries must be validated when a transaction Iine is entered.
* Employees require the ability to capture receipt* by using a mobile device.
* First Up Consultants requires the ability to reimburse employees in their paychecks for expenses incurred on personal cards.
Financial
* A virtual thirteenth month is required for year-end transactions.
* Each day. a validation file must go to First Up Consultants" bank detailing all vendor checks paid.
* Except fees, all matched transactions must clear automatically during bank reconciliation.
* The accounts payable team must verify expense reports prior to posting.
* Only payables are allowed to be posted to a poor period up to seven days into the new period Issues
* User1 Installed the expense Management Service add-in and implemented the auto-match and create expense from receipt features, but the receipt images do not match the corporate card transactions
* Employee 1 submits an expense report for a business trip to Europe, but the report is not visible on the expense tax recovery page.
* Employees prowled feedback that the system lets them know of an expense report policy violation only after the entire expense report is submitted.
* Members of the finance department observe sales orders that posted into a closed period.
* The finance team observed that for sales order invoice 1234. the price incorrectly posts to a revenue account when it should be deferring.
* Fmployee2 purchased supplies for a holiday patty and needs to be reimbursed
* A customer orders software licenses for the offices in Tennessee and Alabama
* Expense reports for unapproved items are posting.
* VanArsdel. Ltd. exceeded its credit limit but the sales order was processed.
* Tailspin Toys purchase $70,000 in custom software development
NEW QUESTION # 142
After you answer a question in this section, you will NOT be able to return to it As a result, these questions will not appear in the review screen.
A company is preparing to complete yearly budgets.
The company plans to use the Budget module in Dynamics 365 for Finance and Operations for budget management You need to create the new budgets.
Solution: Create budget plans for multiple scenarios.
Does the solution meet the goal?
- A. No
- B. Yes
Answer: B
NEW QUESTION # 143
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